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20121205
20121205
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the fiscal cliff. right after the election wall street dropped 5% when everybody suddenly focused on the fiscal cliff and realized that this was a problem. but since then it's kind of bumped along at this sort of level. i don't think wall street is at all sanguine about the idea that if we went over the fiscal cliff, life would go on as we know it and everything would be fine. >> one of the things that was really interesting to me to bear out that point is ken conrad yesterday who's been so down, i mean, he's leaving the senate. he's done this for seven years. they can't produce deals. and yesterday when i interviewed him, joe, he said i think we're going to make this. i think the boehner offer had significant indicators that something here is going on, and they're going to come together. >> also, kent conrad, a guy -- i've loved him for a long time, deficit hawk. they haven't allowed him to put a budget out for years. he's growing frustrated. i'm sure he's going to be glad to leave. but i was surprised by that as well. you see also, sam stein, republicans are now starting to real
right after the election was the speaker who went down and provided the revenue that's something you had not heard of before. when has this president offered any of the spending cuts? i think that's where the holdup is. >> it all started with the president putting an offer on the table late last week then speaker boehner last night so you would expect a counter offer to the counter offer from the white house. nope. inside the white house they are saying they don't take boehner's plan seriously enough to each do some sort of a counter offer. that's where we are tonight. neither side wants to put a new plan on the table. they are making progress right now. >> shepard: ed henry at the white house. the president may reach across the party line. former republic senator chuck killing a is on the short list to replace leon pa net attachment the nomination will come in the next two weeks along with the president's pick for secretary of state. on that matter the u.n. ambassador susan rice is considered a likely choice to replace secretary clinton. today president obama expressed confidence in her
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